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21-2095ORDINANCE NO. 2I-2095 AN ORDINANCE OF THE CITY OF DENTON AUTHORIZING THE EXPENDITURE OF FUNDS FOR THE PAYMENT OF WHOLESALE TRANSMISSION CHARGES IN THE TOTAL AMOUNT OF $6,654,159.68 AND PROVIDING AN EFFECTIVE DATE. WHEREAS, all Distribution Service Providers ("DSP") in the Electric Reliability Council of Texas ("ERCOT") is required under the Texas Public Utility Regulatory Act ("PURA") to compensate Transmission Service Providers ("TSPs") for its wholesale transmission charges, commonly referred to as Transmission Cost of Service ("TCOS"), after the same have been filed with and approved by the Public Utility Commission of Texas ("PUCT"); WHEREAS, the City of Denton, acting under the trade name of Denton Municipal Electric, is a DSP in ERGOT; WHEREAS, the City is required to compensate the following TSPs for its TCOS as set forth below: Name of TSP Amount Cross Texas Transmission $ 332,303.79 Electric Transmission Texas, LLC. $1,567,050.77 Lone Star Transmission $ 437,527.05 Lower Colorado River Authority $2,526,852.84 Oncor-NTU $1,077,296.36 Sha land Utilities $ 90,567.49 Texas Municipal Power Agency $ 145,406.28 Wind Energy Transmission Texas $ 477,155.10 TOTAL $6,654,159.68 WHEREAS, the amounts due to the above TSPs are trued up by the PUCT and may require additional compensation by the City to one or more of the above TSPs; and WHEREAS; the City Manager has reviewed the above TCOS submitted by the TSPs and recommended that the City Council approve and authorize the payment of the same; NOW, THEREFORE, THE COUNCIL OF THE CITY OF DENTON HEREBY ORDAINS: SECTIONI. The facts, circumstances and recitations contained in the preamble of this ordinance are found and declared to be true and correct. SECTION 2. The total expenditure of funds in the amount of $6,654,159.68 for the City's obligation as a DSP in ERCOT to following TSPs for its TCOS is authorized and payable as set forth below: Name of TSP Amount Cross Texas Transmission $ 332,303.79 Electric Transmission Texas, LLC. $1,567,050.77 Lone Star Transmission $ 437,527.05 Lower Colorado River Authority $2,526,852.84 Oncor-NTU $1,077,296.36 Sharyland Utilities $ 90,567.49 Texas Municipal Power Agency $ 145,406.28 Wind Energy Transmission Texas $ 477,155.10 TOTAL $6,654,159.68 SECTION 3. That as the above payments are subject to being trued up by the PUCT the additional expenditure of fiinds, if required, is authorized. However, this additional expenditure is specifically limited to each TSP receiving additional payments not to exceed five percent (5%) or less of the payment set forth in Section 2 above. Payments in excess of this specific limitation will require further approval by City Council. SECTION 4. That this ordinance shall become effective immediately upon its passage and approval. The motion to approve this ordinance was made by'T-� 'Z seconded by , and was passed and approved by the following vote [ "I - Aye Nay Abstain Absent Mayor Gerard Hudspeth: V, Vicki Byrd, District 1: ✓ Brian Beck, District 2: .✓ Jesse Davis, District 3: 11 Alison Maguire, District 4: 1/ Deb Armintor, At Large Place 5: ✓ Paul Meltzer, At Large Place 6: ✓ PASSED AND APPROVED this the -)—(O+r day of ©CA -o \D @. , 2021. GERARD HUDSPETH, MAYOR ATTEST: ,11+Uilritill 0 DFS ROSA RIOS, CITY SECRETARY Ir ~ r r : • 4 BY:41 `,t , APPROVED AS TO LEGAL FORM:�� ►►� MACK REINWAND, CITY ATTORNEY OyiuOy signDN ed W,Fdane❑d o�¢nePakGmvnmen4a�e9al, cpm-Catherine[IiF[m, 'r[adenne_[IiRangclryafeemm�mm V. �a1s.3031.10.11 1 35 43 6.05'00' BY: